AppWorks

AppWorks, established in 2009, is a Taipei-based venture capital firm that invests in early-stage technology startups. It focuses on sectors such as artificial intelligence, internet of things, web3, and blockchain across Taiwan and Southeast Asia. The firm provides seed funding through its Accelerator program and growth financing via its AppWorks Funds, which target investments ranging from USD 50,000 to USD 10 million. Additionally, AppWorks offers educational programs through AppWorks School to prepare aspiring engineers for tech industry careers.

Jack An

Associate

Joseph Chan

Partner

Alyssa Chen

Principal

Nice Cheng

Partner

Sophie Chiu

Principal

Bill Hsu

Analyst

Jamie Lin

Chairman, Founder and Managing Partner

Natalie Lin

Analyst

Zhichen Lin

Founder, Partner and Chairman

Michelle Lin

Analyst

Jessica Liu

Partner

Andy Tsai

Partner

Ching Tseng

Principal

Jun Wakabayashi

Principal

Past deals in Shopping

Jiraffe

Series E in 2024
Jiraffe Inc., founded in 2014 and based in Tokyo, Japan, is a media business company that specializes in the planning, development, and management of internet services. The company operates platforms that allow customers to compare prices for iPhone repairs and parts replacements, as well as buy and sell smartphones individually. Additionally, Jiraffe offers a flea market trading application focused on items like trading cards, sneakers, and hobbyist collectibles, enabling users to make informed purchasing decisions and trade authentic products.

Borong

Non Equity Assistance in 2024
Borong, based in Kuala Lumpur, Malaysia, is a B2B eCommerce solution provider that facilitates bulk buying and selling for businesses in Southeast Asia. The company aims to enhance product accessibility and convenience by digitalizing wholesale trade. Borong offers several digital solutions, including Borong Direct, a software platform that allows brands and suppliers to establish their own B2B eCommerce portals; Borong Marketplace, which connects wholesale buyers with qualified suppliers for efficient product sourcing; and Borong Credit, a suite of financial products aimed at improving cash flow for wholesalers and manufacturers. With a focus on consumer-packaged goods, Borong streamlines the procurement process, enabling retailers to manage sales orders and inventory more effectively.

ShopBack

Series A in 2017
ShopBack is a leading online shopping platform in Southeast Asia that focuses on enhancing consumer purchasing decisions through cashback and rewards. Operating in several countries including Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Taiwan, the company facilitates over 1,000 orders per hour by offering up to 30% cashback on purchases made through its platform. With a portfolio of over 1,300 merchant partners such as Uber, Expedia, and Lazada, ShopBack provides consumers with curated deals while simultaneously delivering effective marketing solutions for its business partners. The company is recognized for its impact in the industry, having received multiple awards, including accolades for Best Start-up and Best Innovative Infocomm Products at the Singapore Infocomm Technology Federation Awards, as well as the Emerging Enterprise Award, highlighting its role in enriching the shopping experience for consumers.

Johomy

Seed Round in 2016
Founded in 2014, Johomy is an online shopping site.

91APP

Series A in 2015
91App is a software as a service company based in Taipei, Taiwan, that specializes in developing customized applications for small merchants. Founded in 2012, the company provides advanced omnichannel commerce solutions, including branded shopping apps and websites tailored for retailers. Its platform supports merchants in the Direct-to-Consumer (D2C) e-commerce market by offering comprehensive shopping cart and marketing solutions. By enabling retail brands to optimize their operations, 91App facilitates a seamless integration of online and offline sales channels, helping clients enhance their market presence and improve overall operational efficiency.

Fandora

Series A in 2014
Fandora operates an online shopping platform that showcases a diverse range of merchandise featuring illustrations from nearly 2,600 Taiwanese creators. Since its inception in 2013, Fandora has accumulated over 70,000 works, providing artists with exposure and commercial opportunities. The platform allows users to purchase unique, original design products, effectively integrating artistic creations into everyday life. By collaborating with thousands of illustrators and designers, Fandora has facilitated the sale of customized merchandise, enhancing the shopping experience with distinctive visuals. This approach not only supports local talent but also offers consumers access to affordable designer products that reflect their preferences.

bring4U

Angel Round in 2013
bring4U, which develops a background for purchasing agents, integrates operating indicators accumulated on major platforms, accurately analyses the market, systematically operates online stores, and more. It is a purchasing media matching platform.

Beautymemo

Angel Round in 2012
Beautymemo provides a platform for users to browse the works of manicurists and share nail art with others. They allows consumers to directly buy using a web browser or a mobile app.

GoodLife

Angel Round in 2010
GoodLife is a provider of a website that offers a daily deals information platform. Their platform allows clients to experience steep cuisine and spa services at a reduced cost while also providing a variety of deals for salons, restaurants, transportation, drug stores, cafes, and other associated industries. Users can purchase offers from many companies and online merchants directly on their websites.
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